Recital 1

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(1)Commission Delegated Regulation (EU) 2019/815 ² specifies the single electronic reporting format to be used by issuers whose securities are admitted to trading on a regulated market for the preparation of their annual financial reports. Consolidated financial statements included therein are prepared either in accordance with International Accounting Standards, which are commonly referred to as International Financial Reporting Standards (IFRS) and are adopted pursuant to Regulation (EC) No 1606/2002 of the European Parliament and of the Council ³ , or in accordance with IFRSs as issued by the International Accounting Standards Board (IASB) which, based on Commission Decision 2008/961/EC ⁴ , are considered as equivalent to IFRSs adopted pursuant to Regulation (EC) No 1606/2002.

3 Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002 on the application of international accounting standards ( OJ L 243, 11.9.2002, p. 1 , ELI: http://data.europa.eu/eli/reg/2002/1606/oj ). ↩
4 Commission Decision 2008/961/EC of 12 December 2008 on the use by third countries' issuers of securities of certain third country's national accounting standards and International Financial Reporting Standards to prepare their consolidated financial statements ( OJ L 340, 19.12.2008, p. 112 , ELI: http://data.europa.eu/eli/dec/2008/961/oj ). ↩
2 Commission Delegated Regulation (EU No. 2019/815 of 17 December 2018 supplementing Directive 2004/109/EC of the European Parliament and of the Council with regard to regulatory technical standards on the specification of a single electronic reporting format ( OJ L 143, 29.5.2019, p. 1 , ELI: http://data.europa.eu/eli/reg_del/2019/815/oj ). ↩